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QUESTION
Your company has annual sales for the past four years of the following: 2017: $246 (million) 2016: $215 2015: $197 2014:
Your company has annual sales for the past four years of the following:
- 2017: $246 (million)
- 2016: $215
- 2015: $197
- 2014: $168
Given this information, what is the compounded annual growth rate (CAGR) across that time? (When doing your calculations, round everything to the nearest fourth decimal.)
